A Reuters poll of brokerages had forecast a net profit of Rs 12 billion for Wipro, which counts Citigroup, Cisco and Credit Suisse among its leading clients.

India's showpiece $60-billion outsourcing sector is winning new deals and seeing stability in fees for services after a brutal slide in demand following the global recession, but a firmer rupee and rising wages are concerns.

This week, sector leader Tata Consultancy Services on Monday beat estimates and No 2 Infosys Technologies had met quarterly profit estimates. Both gave a positive outlook on rising demand.